IMF
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Risks to financial stability have increased: IMF chief
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[ad_1] International Monetary Fund (IMF) chief Kristalina Georgieva. — AFP/File BEIJING: International Monetary Fund (IMF) chief Kristalina Georgieva on Sunday warned that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected…
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No plan B other than IMF: Miftah Ismail
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[ad_1] Former finance minister and PML-N member Miftah Ismail. — Twitter/@a4arshi As Pakistan’s economy continues to dwindle amid financial woes and the authorities struggle to strike a staff-level agreement with the International Monetary Fund (IMF), former finance minister and Pakistan Muslim League-Nawaz’s (PML-N) Miftah Ismail said matters with the global lender seem to have come at…
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Headway in bailout talks hinges on financing assurances, IMF says
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[ad_1] A man walks past the International Monetary Fund (IMF) logo. Reuters/File The International Monetary Fund (IMF) on Friday said a headway in the loan revival talks with Pakistan was critically contingent upon prompt financing assurances from bilateral loaners as the cash-strapped country continues to surrender to the handicapping demands of the lender of the…
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Miftah claims IMF ‘not interested’ in releasing loan tranche to Pakistan
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[ad_1] An undated image of former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail. — Twitter/@PMLN_org Amid rising tensions regarding the revival of the International Monetary Fund (IMF) programme, former finance minister Miftah Ismail on Wednesday said that the Washington-based lender is “not interested” in giving money to the cash-strapped nation. Speaking during a session…
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‘Substantial progress’ by Pakistan toward loan programme: IMF | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said that Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock loans the country needs to avoid default, Bloomberg News reported on Monday. The international lender said Pakistan has a few more tasks before it can unlock a $6.5 billion loan to avoid a default, putting…
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IMF ‘not consulted’ on petrol subsidy
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[ad_1] The headquarters of the International Monetary Fund in Washington DC. — AFP/File International Monetary Fund’s (IMF) Resident Representative for Pakistan Esther Perez Ruiz said the global lender was not consulted by Islamabad before it planned to increase fuel costs for wealthier drivers in order to pay for a subsidy for the country’s lower-income population,…
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As IMF shifts towards inclusive growth, is Pakistan ready? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s decades-old policies that give preferential access to state resources to a select few sectors and ensure strong government footprints have placed it among nations that have the lowest inclusive growth and low access to education and healthcare, endangering the unparalleled demographic dividends. A book of the International Monetary Fund (IMF), “Promoting Inclusive…
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IMF loan: PM Shehbaz warns of ‘more burden’ on people
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[ad_1] Prime Minister Shehbaz Sharif during an interview on Geo News’ programme “Capital Talk” in Islamabad, on March 14, 2023, in this still taken from a video. — YouTube/GeoNews Prime Minister Shehbaz Sharif said Tuesday that he saw “more burden” on the masses in the coming days as the cash-strapped nation continues to meet tough…
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Government plods towards IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has managed to convince the International Monetary Fund (IMF) to reduce external additional loan requirement to $6 billion amid government’s desire to give Rs150 billion subsidised petrol package to motorcyclists. In order to avoid an objection by the IMF, roughly Rs150 billion annual subsidy on account of Rs25 to Rs50 per litre…
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Dar assures IMF agreement in next few days | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan is close to reaching an agreement with the International Monetary Fund (IMF). “I and my team are absolutely committed to completing this [IMF] programme to the best of our ability…We seem to be very close to signing a staff-level agreement hopefully in the next…
